Felix Oti's Blog (41)

IPOB and the Roads Not Traveled

On September 15, 2017, the Southeastern governors rose from an emergency meeting in Enugu and issued an order/declaration proscribing the group, Indigenous People of Biafra (IPOB), headed by one Mr. Nnamdi Kanu from Isiama Afara in Abia state. Coincidentally, the Nigerian military, erroneously, declared (later withdrew) the same organization a terrorist group. Within days of these declarations, the federal government moved to make both declarations official and legally binding via a court…

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Added by Felix Oti on October 16, 2017 at 5:11pm — No Comments

Much Ado About Change And Restructuring

Clamors and agitations for change - any kind of change - are not done in silence, and in the case of Nigeria, there has been lots of noise in recent times about re-structuring and breakaways.



Why all the noise, and why this level of intensive clamor for change now? Well, for one, the country at its present state is not working. Matter of fact, it has not been working for quite a long time. Specifically, it has not worked for all of the people all of the time, but…

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Added by Felix Oti on May 10, 2017 at 1:04pm — 1 Comment

Nigerian 2017 Budget of Economic Recovery and Growth

“The underlying philosophy of our Economic Recovery and Growth Plan is optimizing the use of local content and empowering local businesses”

“The role of government must be to facilitate, enable and support the economic activities of the Nigerian businesses ….”

President Muhammadu Buhari, December 14, 2016

On December 14, 2016, like millions of Nigerians (I hope), I watched the Nigerian president deliver his budget – speech and all – to the joint session of the Nigerian…

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Added by Felix Oti on January 2, 2017 at 5:02pm — No Comments

Economic Recession: Causes, Effects, and Possible Solutions

Economists generally believe that recessions occur due to a more than normal drop in spending by both the private and public sectors; some of the things that could cause this drop include financial crises, as was the case in 2008 when the world suffered the consequences of a global financial meltdown due, in part, by the burst of the US housing bubble; an external trade or adverse supply shock – for example, some OPEC member countries like Nigeria and Venezuela who were heavily impacted by…

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Added by Felix Oti on October 18, 2016 at 10:15pm — No Comments

Change Really Does Begin With Me

“A mere need in itself does not cause the wheels of change to spin in a peopled society; rather, the level of desire within that need does”

When I was young and living in Enugu, we used to go to a catholic church; one of the traditions of the catholic institution is the weekly or daily confessional (for those who have sins and crimes to confess to). As children, we were never really into confessions, though we did get into some pranks that…

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Added by Felix Oti on September 27, 2016 at 4:45am — No Comments

The Day the Veil Finally Came Off

On June 12, 2016, the US and, by extension, the world woke up to reports of a mass killing in a night club in Orlando Florida. Initial reports put the number of deaths at 20; however, by evening of that day, the death toll had risen to 50, including the shooter, and 53 wounded - most of them critically. As someone who has, over the years, become immune to these stories of mass killings, which seem to have become an accepted fabric of the American culture, what caught my attention were the…

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Added by Felix Oti on July 1, 2016 at 2:58pm — No Comments

Arochukwu-Ohafia Road: Health, Social and Economic Impact on Host Communities and Users.

 

The Ohafia – Arochukwu road is a 23-kilometer (14.3 miles) federal road which runs from Ebem in Ohafia to Amuvi village in Arochukwu local government. Along this stretch of road lie two major towns of Ihechiowa and Ututu which form parts of the local government area, along with Abam and Isu communities with an estimated population of 169,000 people. This road, first constructed during the First Republic era, was last extensively reconstructed during the…

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Added by Felix Oti on January 19, 2016 at 11:11pm — No Comments

The 2016 Nigerian Budget: Analysis and Concerns

Like many Nigerians, I watched President Muhammadu Buhari deliver his 2016 budget presentation to the Nigerian national Assembly on Tuesday, December 22, 2016. Like I always do with many of these budget speeches every year, I printed out the full text the following day, Wednesday 23rd, so I can read and fully digest the fine details.

First, an N6.08tr budget in a period where the price of oil is selling below $40 a barrel is a bit ambitious; especially given the dwindling…

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Added by Felix Oti on December 24, 2015 at 11:58pm — No Comments

Effects of Migrant Workers on the Local Labor Market & Economy

The frustration on the face of the site supervisor is palpable; the project is running behind schedule and over-budget. His problem is the work ethics of the local labor force. To create temporary employment for the local youth population, the Ahoada local government in Rivers State had instructed the contractor handling a hospital project to employ auxiliary and non-technical labor from this specific pool. Therefore, daily labor like masonry, block molding, foundation work, and site…

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Added by Felix Oti on December 11, 2015 at 10:51pm — No Comments

10 Reasons African-Americans Should Invest in Africa

Africa has the most natural resources in the world. For example: Just one country, the Democratic Republic of the Congo is estimated to have $24 trillion worth of untapped deposits of raw mineral ores, which is equivalent to the combined total Gross Domestic Product of Europe and the United States combined. These raw minerals include cobalt, copper, niobium, tantalum, industrial and gem diamonds, gold, silver, zinc, manganese, tin, uranium, coal, petrol and timber. It is believed that 80…

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Added by Felix Oti on November 24, 2015 at 2:43pm — No Comments

Economics of Terrorism & Civil Wars

Some distinct features of almost every ISIS, Al-Qaeda, Al-Shabaab, and Boko Haram video are convoys of Toyota and other international brand trucks stretching for miles, All-Terrain vehicles, military-grade assault rifles like AK-47s and 49s, assorted models of AR 15s and M-16s, and heavy machine guns of the M 60 and M 134D caliber. Accompanying these guns are rows of ammunition clips and belts, shoulder grenade launchers, hand grenades, walkie-talkies or ham radios and other communication…

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Added by Felix Oti on August 28, 2015 at 4:10pm — No Comments

Opportunity Cost of the Stolen N8b at the Central Bank of Nigeria, Ibadan

For the past two days, the Nigerian social media, television stations, newspapers and other news outlets have been abuzz with the story of the arrest of some eight senior officials of the Central Bank of Nigeria, Ibadan branch, for conniving among themselves to steal N8 billion Naira from the branch. The allegation detailed how the officials, in charge of sorting and destroying mutilated and unusable high denominations of the Nigerian currency were, over a period of two to four years,…

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Added by Felix Oti on June 2, 2015 at 11:18pm — No Comments

Change: Proposals for the Buhari Administration

Like millions of Nigerians who prayed and fasted all over the years for some kind of change in Nigeria, for some sort of leadership that will take the collective social and economic interest of the ordinary Nigerian at heart, and work towards a semblance of betterment of their current situation where the distance between the classes have widened exponentially, and the middle class completely eliminated, I was elated when the All Progressives Congress (APC) swept the presidential and national…

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Added by Felix Oti on May 20, 2015 at 10:00pm — No Comments

Igbos: Again, Wandering in Nigeria’s Political Wilderness

The 2015 Nigerian presidential election has come and gone (unless some elements want to cause trouble) and the spoils have gone to the victorious All Progressives Congress, while the People’s Democratic Party is left agonizing in defeat.

A breakdown of the voting pattern attests to the Igbo’s massive support for the candidate of the PDP and current president, Goodluck Jonathan. All through the four, or so, months of active campaigning, Igbos never hid which side of the fence they were…

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Added by Felix Oti on April 14, 2015 at 2:50pm — No Comments

Alex Otti: Is He The Messiah Abians Await?

The last time I rooted for a candidate in a Nigerian political election, that candidate turned out to be a disappointment, after twelve years in the senate. That candidate was Senator Uche Chukwumerije. I had hoped that with his level of education, experience, and personal integrity that he would bring considerable political pork to Abia state, especially his senatorial zone; unfortunately, he did not. What has that to do with Dr. Alex Otti and his desire to be the…

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Added by Felix Oti on December 18, 2014 at 8:06pm — No Comments

Akwa Ibom Stadium: Alternative Uses for $96m

As my people are quick to say, what is good is good. Yes, I do agree; and might add that what is worth doing is worth doing well. So it was that Ibomites – as the people of Akwa Ibom call themselves – and Nigerians marveled at the state-of the-art stadium unveiled recently by the government of Akwa Ibom state. The presence of the current Ghanaian and Ivorian presidents, along with the ever-loved Jerry Rawlings, former Ghanaian president, in the company of President…

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Added by Felix Oti on December 3, 2014 at 11:11pm — No Comments

Economic Blueprint for Attracting Business & Commerce in Igbo land

As the saying goes; “a road once traveled, can always be traveled again”. In the first Republic, under the leadership of Drs. Akanu Ibiam and Michael Okpara, the then Eastern Region was economically self-sustaining, building upon the foundation laid by the colonial masters. 

For the region to get back to the successes of the first republic, it must strive to be a player in the current global economic dispensation, where trade borders are seamless, technology is cheap, and venture…

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Added by Felix Oti on September 30, 2014 at 8:42pm — No Comments

The Chibok 200: Dilenma of A Nation

On April 14, 2014, a bomb blast on a commercial motor park at Nyanya, on the outskirts of Abuja, Nigeria's federal capital territory, left 75 people dead and about 200 wounded; 22 days ago, just a few days after the Nyanya blast, the same group who claimed responsibility for the bombing at Nyanya, the now-dreaded Boko Haram sect, raided a secondary school at Chibok in Borno state, northeast of Nigeria, and carted away over 200 senior secondary school level 3 girls who were in the middle of…

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Added by Felix Oti on May 7, 2014 at 12:13am — No Comments

Constitutional Rights, Liberties and Moral Values

On Thursday May 23, the Boys Scout of America voted to allow openly gay boys into the organization. This was the result of a combination of push by a lesbian who wanted her son to exercise his right to freedom of association, and the subtle threat by corporations to stop donations to the Boys Scout if changes were not made to adapt to current societal norms. In recent months, many states in America have passed laws either allowing same sex civil unions or marriages, to the chagrin of…

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Added by Felix Oti on May 27, 2013 at 2:59am — No Comments

The King’s Bickering Horsemen

First it was Olusegun Aganga, many months ago, lecturing Charles Soludo on the principles of financial economics, and the right path to Nigeria’s ever elusive economic prosperity. Then there was Oby Ezekwesili, also a former Minister of many things, raising alarm over fast-dwindling foreign reserves. As if that was not enough to set Nigerian tongues wagging, Nasir El-Rufai, the erstwhile Federal Capital Territory Minister, served up a tall tale of his days in the Obasanjo administration in…

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Added by Felix Oti on May 11, 2013 at 4:28pm — No Comments

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